The guide provides a national average range that must be customized for local markets. The amount the guide provides is for the base salary and does not include benefits or bonus.

See http://www.bls.gov/ro7/ro7ecec.htm for US Department of Labor – Bureau of Labor Statistics for employer costs for employee compensation. A review of the data indicates that employee benefits will cost the employer an additional 30% to 40% of the employees base salary.

I will only focus on compensation for CFO’s in companies of $50 million or less in sales.

The national average for CFO base compensation for companies of $50 million and less is as follows:

It is reasonable to assume that companies below $25 million in revenue would generally pay less for a fulltime CFO compared to companies in the $25 to $50 million range. Since the Robert Half salary guide does not provide data for companies under $25 million, I will use the national average with no adjustment. Thus I am reducing the base salary amount by 12% to 23% depending upon location.

I believe that it is safe to assume that a CFO for a company under $25 million will cost between $130,000 and $185,000 per year including benefits depending upon location. A fulltime CFO is a significant position and commands a corresponding significant salary cost.

Many companies under $25 million don’t need a fulltime CFO nor could afford a fulltime CFO. However, Every Company Needs Financial Guidance®. A solution to this situation is to engage CFO 4 Small Biz TM .

A CFO 4 Small Biz TM Partner, on a part-time basis, can provide high level financial guidance at an affordable cost. A full service (part-time) CFO can be engaged for less than one tenth to one quarter of the cost of a full-time CFO depending upon the services needed.

CFO 4 Small Biz TM offers monthly financial management service at three different levels on a fixed fee basis. Project work is also offered. My job is to help businesses maximize its profits.